<Irony = On> Let’s face it, we all know there is a hierarchy of study subjects. As the eminent philosopher Dr. Sheldon Cooper of Big Bang Theory already knew, at the top of the pile are theoretical physicists and mathematicians. Below there are experimental physicists, then come engineers. Below that you have the mere mortals of economists and finance majors and at the very bottom you have…the dirt people.
Yep. Taleb for example has a science background, too. But from what I have heard, some of the best money managers have doctorates in philosophy.
On the other hand, Munger had a law degree. And Buffett, one if the most interesting guys in the business... had a standard economics/business background. Looks like brilliance, and not a specific education, is what it takes to make it in that field.
Phew! Good thing to know that if this whole 'engineering' thing doesn't work out for me, I've got a fall-back as a fund manager. I thought I'd have to go work at the Golden Arches, but it turns out that studies show I'd be more successful than the average (finance grad) fund manager! Haha. Thanks for a chuckle on a Friday.
Yep. Taleb for example has a science background, too. But from what I have heard, some of the best money managers have doctorates in philosophy.
On the other hand, Munger had a law degree. And Buffett, one if the most interesting guys in the business... had a standard economics/business background. Looks like brilliance, and not a specific education, is what it takes to make it in that field.
Want your portfolio to go to the moon? Hire a Physics graduate
Want to sleep easity at night with lower volatility in your portfolio? Hire a Finance graduate
Want sombody who isn't a scientist, but thinks he is? Hire an Economist
Phew! Good thing to know that if this whole 'engineering' thing doesn't work out for me, I've got a fall-back as a fund manager. I thought I'd have to go work at the Golden Arches, but it turns out that studies show I'd be more successful than the average (finance grad) fund manager! Haha. Thanks for a chuckle on a Friday.